PMP Question #643: How should the project manager address the sponsor's suggestion to use a faster, but less secure, third-party vendor?
A. Decline the suggestion and find an alternative vendor who meets the security requirements.
B. Implement the vendor's solution and include a risk mitigation plan for potential breaches.
C. Consult with the compliance officer and legal team before proceeding with the vendor selection.
D. Create a formal risk assessment for the vendor and present the findings to the sponsor.
PMP Question #649 : After conducting qualitative risk analysis, you notice several low-priority risks. What is the best action?
A. Remove them from the risk register.
B. Transfer them to the issue log.
C. Keep them in the watch list within the risk register.
D. Escalate them to senior management.
PMP Question #13: What is the most appropriate action for you to take to address this potential risk?
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DOMAIN: Process, Managing Risks
TASK SNAPSHOT: The ability to identify, analyze, and plan a response for an external risk that could impact the project's timeline and budget. This tests the PM's proactive risk management skills.
SCENARIO
You are managing a project to build a new factory. The project is highly dependent on the delivery of a key piece of machinery from a supplier in a country that is experiencing political instability. The project is on schedule, and the supplier has not yet communicated any issues.
QUESTION: What is the most appropriate action for you to take to address this potential risk?
A. Continue with the project as planned and monitor news reports, as there is no official communication of a delay from the supplier.
B. Add the political instability as a risk to the risk register and develop a contingency plan, such as identifying a backup supplier.
C. Immediately contact the supplier and demand a formal written guarantee that the machinery will be delivered on time as per the contract.
D. Inform all project stakeholders of the political instability and tell them that a delay in the project is now likely to occur.
PMP Drag and Drop Practice Questions
1. Match Process Group → Knowledge Area
Drag each Process Group to the Knowledge Area where it is most heavily represented.
Items to match: Knowledge Areas:
- Initiating A. Project Integration Management
- Planning B. Project Scope Management
- Executing C. Project Procurement Management
- Monitoring & Controlling D. Project Quality Management
- Closing E. Project Stakeholder Management
Correct Match:
- Initiating → E. Project Stakeholder Management
- Planning → B. Project Scope Management
- Executing → D. Project Quality Management
- Monitoring & Controlling → C. Project Procurement Management
- Closing → A. Project Integration Management
2. Match Agile Artifact → Explanation
Artifacts:
- Product Backlog
- Sprint Backlog
- Increment
- Definition of Done
Explanations:
A. A potentially shippable piece of working product
B. A list of all work items for the product
C. Criteria that determine when work is complete
D. Items selected for a specific sprint plus a plan to deliver them
Correct Match:
- Product Backlog → B
- Sprint Backlog → D
- Increment → A
- Definition of Done → C
3. Match Risk Response Strategy → Example
Strategies:
- Mitigate
- Avoid
- Transfer
- Accept
Examples:
A. Buying insurance for a risky activity
B. Choosing a different approach to eliminate the risk
C. Adding extra testing to reduce probability of a defect
D. Doing nothing except monitoring the risk
Correct Match:
- Mitigate → C
- Avoid → B
- Transfer → A
- Accept → D
4. Match Earned Value Formula → Meaning
Formulas:
- CPI = EV / AC
- SPI = EV / PV
- EAC = BAC / CPI
- CV = EV - AC
Meanings:
A. Cost over/underrun
B. Efficiency of cost usage
C. Efficiency of schedule performance
D. Forecasted total project cost at completion
Correct Match:
- CPI = EV / AC → B
- SPI = EV / PV → C
- EAC = BAC / CPI → D
- CV = EV - AC → A
5. Match Contract Type → Best Use Case
Contract Types:
- Fixed Price
- Cost Plus Incentive Fee (CPIF)
- Time & Materials
- Cost Plus Fixed Fee (CPFF)
Use Cases:
A. Scope is unclear; seller is reimbursed plus set fee
B. Labor hours unknown; flexible work
C. Scope is clear and well-defined
D. Buyer wants seller to have performance incentives
Correct Match:
- Fixed Price → C
- CPIF → D
- Time & Materials → B
- CPFF → A
1. Match Agile Role → Responsibility
Roles:
- Scrum Master
- Product Owner
- Developers
- Agile Coach
Responsibilities:
A. Ensures team follows Scrum and removes impediments
B. Guides multiple teams on agile adoption
C. Builds the product increment
D. Prioritizes backlog and maximizes product value
Answers:
- Scrum Master → A
- Product Owner → D
- Developers → C
- Agile Coach → B
2. Match Communication Method → Description
Methods:
- Push
- Pull
- Interactive
- Asynchronous
Descriptions:
A. Meetings where all parties collaborate
B. Information sent to recipients without their request
C. Information stored, people access when needed
D. Communication not requiring immediate response
Answers:
- Push → B
- Pull → C
- Interactive → A
- Asynchronous → D
3. Match Estimation Technique → Use Case
Techniques:
- Analogous
- Parametric
- Bottom-up
- Three-Point
Use Cases:
A. Uses mathematical models based on unit rates
B. Uses past project data
C. Uses optimistic, pessimistic & most likely estimates
D. Builds detailed estimates from work package level
Answers:
- Analogous → B
- Parametric → A
- Bottom-up → D
- Three-Point → C
4. Match Conflict Resolution → Description
Techniques:
- Collaborate
- Compromise
- Forcing
- Withdraw
Descriptions:
A. Win-win solution
B. Temporary “lose-lose” middle ground
C. Power-driven win-lose
D. Avoiding the conflict
Answers:
- Collaborate → A
- Compromise → B
- Forcing → C
- Withdraw → D
5. Match Scheduling Term → Definition
Terms:
- Float
- Critical Path
- Milestone
- Dependency
Definitions:
A. Must finish before another activity begins
B. A significant event with zero duration
C. Path with longest duration
D. Amount of time an activity can be delayed
Answers:
- Float → D
- Critical Path → C
- Milestone → B
- Dependency → A
6. Match Risk Category → Example
Categories:
- Technical
- External
- Organizational
- Project Management
Examples:
A. Poor requirements gathering
B. Weather delays
C. New technology uncertainty
D. Resource availability issues
Answers:
- Technical → C
- External → B
- Organizational → D
- Project Management → A
7. Match Quality Tool → Description
Tools:
- Cause-and-effect diagram
- Control chart
- Histogram
- Pareto chart
Descriptions:
A. Shows variation over time
B. 80/20 principle to identify major issues
C. Frequency distribution
D. Identifies root causes
Answers:
- Cause-and-effect → D
- Control chart → A
- Histogram → C
- Pareto chart → B
8. Match Procurement Document → Purpose
Documents:
- RFI
- RFP
- RFQ
- SOW
Purposes:
A. Request proposals for solutions
B. Request price quotes for well-defined work
C. Gather information from sellers
D. Defines the work to be performed
Answers:
- RFI → C
- RFP → A
- RFQ → B
- SOW → D
9. Match Stakeholder Strategy → Example
Strategies:
- Manage Closely
- Keep Satisfied
- Keep Informed
- Monitor
Examples:
A. Low interest, low power
B. High interest, high power
C. High power, low interest
D. High interest, low power
Answers:
- Manage Closely → B
- Keep Satisfied → C
- Keep Informed → D
- Monitor → A
10. Match Budget Term → Definition
Terms:
- Contingency Reserve
- Management Reserve
- Cost Baseline
- Funding Limit Reconciliation
Definitions:
A. Adjusts schedule/spending to meet funding caps
B. For known unknowns
C. For unknown unknowns
D. Approved version of time-phased budget
Answers:
- Contingency Reserve → B
- Management Reserve → C
- Cost Baseline → D
- Funding Limit Reconciliation → A
11. Match Change Control Item → Description
Items:
- Change Request
- Change Log
- Change Control Board (CCB)
- Configuration Management System
Descriptions:
A. Tracks status of all requests
B. Formal proposal to modify project
C. Governs product and documentation versions
D. Group that approves/rejects changes
Answers:
- Change Request → B
- Change Log → A
- CCB → D
- Configuration Mgmt System → C
12. Match Agile Ceremony → Purpose
Ceremonies:
- Sprint Planning
- Sprint Review
- Sprint Retrospective
- Daily Scrum
Purposes:
A. Inspect increment with stakeholders
B. Inspect and adapt process
C. Plan work for upcoming sprint
D. Synchronize team progress and issues
Answers:
- Sprint Planning → C
- Sprint Review → A
- Sprint Retrospective → B
- Daily Scrum → D
13. Match Contract Risk Level → Contract Type
Contract Types:
- FPIF
- T&M
- CPFF
- FFP
Risk Levels:
A. Highest risk on seller
B. Shared risk with incentives
C. High risk on buyer
D. Moderate risk on buyer
Answers:
- FPIF → B
- T&M → C
- CPFF → D
- FFP → A
14. Match Leadership Style → Description
Styles:
- Servant Leadership
- Transformational
- Transactional
- Laissez-faire
Descriptions:
A. Inspires with vision
B. Hands-off approach
C. Removes obstacles and focuses on team needs
D. Rewards and punishment system
Answers:
- Servant Leadership → C
- Transformational → A
- Transactional → D
- Laissez-faire → B
15. Match Performance Domain → Focus Area
(PMBOK 7)
Domains:
- Stakeholders
- Team
- Planning
- Delivery
Focus Areas:
A. Completing work and producing value
B. Engagement and expectations
C. Organizing work to deliver outcomes
D. Team culture and leadership
Answers:
- Stakeholders → B
- Team → D
- Planning → C
- Delivery → A
16. Match WBS Element → Description
Elements:
- Work Package
- Control Account
- Planning Package
- Activity
Descriptions:
A. Lowest level where work is estimated
B. Higher-level management point for cost/schedule control
C. Future work not yet decomposed
D. Task performed to complete a work package
Answers:
- Work Package → A
- Control Account → B
- Planning Package → C
- Activity → D
17. Match Forecasting Formula → Meaning
Formulas:
- ETC = EAC – AC
- TCPI = (BAC – EV) / (BAC – AC)
- EAC = AC + (BAC – EV)
- VAC = BAC – EAC
Meanings:
A. Work remaining / money remaining
B. Amount of cost over/underrun
C. Remaining cost
D. Forecast at planned rate
Answers:
- ETC → C
- TCPI → A
- EAC → D
- VAC → B
18. Match Issue → Correct Response
Issues:
- Escalated Risk
- Scope Creep
- Team Conflict
- Poor Requirements
Responses:
A. Perform conflict resolution
B. Use integrated change control
C. Update risk register and escalate
D. Improve requirements gathering practices
Answers:
- Escalated Risk → C
- Scope Creep → B
- Team Conflict → A
- Poor Requirements → D
19. Match Predictive Document → Purpose
Documents:
- Schedule Management Plan
- Scope Statement
- Requirements Traceability Matrix
- Risk Register
Purposes:
A. Links requirements to deliverables
B. Outlines how schedule will be controlled
C. Contains details of what is included/excluded
D. Repository of risks
Answers:
- Schedule Mgmt Plan → B
- Scope Statement → C
- RTM → A
- Risk Register → D
20. Match Development Approach → Best Fit Scenario
Approaches:
- Predictive
- Agile
- Hybrid
- Incremental
Scenarios:
A. Requirements evolving, high customer involvement
B. Some requirements known, some evolving
C. Full upfront planning and fixed scope
D. Product built in usable slices each release
Answers:
- Predictive → C
- Agile → A
- Hybrid → B
- Incremental → D